PointsBet announced Tuesday a 10-year market access deal for online sports betting in Arizona.
The operator has partnered with Cliff Castle Casino Hotel, owned by the Yavapai-Apache Nation.
Who gets what?
Under the deal, PointsBet gets first-skin access for AZ sports betting. It will pay a fixed fee, as well as a share of net gaming revenue.
PointsBet will also help fund a branded retail sportsbook at the Cliff Castle Casino Hotel to be operated by the Yavapai-Apache Nation.
What to expect from PointsBet AZ
PointsBet US CEO Johnny Aitken pledged to deliver a “fast and differentiated sports betting product across every customer touchpoint:”
Aitken added: “We look forward to quickly and responsibly introducing sports bettors and fans to the competitive advantages PointsBet possesses in owning our technology end-to-end, such as market-leading ease of use and the deepest slate of betting options available in the world.”
PointsBet has also agreed to make an annual donation to a public-interest fund designation by the Yavapai-Apache Nation that benefits the youth of the Yavapai-Apache Nation.
Arizona sports betting is progressing quickly
Arizona Gov. Doug Ducey signed AZ sports betting into law in April 2021. The Sports Wagering Act paves the way for up to 20 sportsbooks to operate in Arizona, with professional sports franchises and tribal casinos eligible for a license.
The state aims to launch betting by September 9 to coincide with the start of the NFL season.
Draft rules call for an 8% tax rate on retail wagers and 10% on mobile wagers, as well as initial license fees of $850,000.
Who else will be in Arizona sports betting?
So far these sportsbooks have announced market access deals for AZ:
- WynnBet with San Carlos Apache Tribe
- Bally’s and WNBA’s Phoenix Mercury
- FanDuel and the Phoenix Suns Arena
- Caesars Sportsbook and the Arizona Diamondbacks
- DraftKings and the PGA Tour‘s Phoenix Waste Management Open at TPC Scottsdale.
- Unibet and the Quechan Tribe
- Barstool Sportsbook and Phoenix Raceway
